HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
Ratchet | 3.75 % | 4.41 % | 24,812 | 18.60 | 1 | 0.5587 % | 2,564.2 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.5051 % | 4,886.4 |
Floater | 4.22 % | 4.25 % | 52,367 | 16.89 | 3 | 1.5051 % | 2,816.1 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3723 % | 3,567.6 |
SplitShare | 4.77 % | 4.88 % | 35,335 | 3.31 | 8 | 0.3723 % | 4,260.4 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3723 % | 3,324.2 |
Perpetual-Premium | 5.90 % | 5.93 % | 63,117 | 13.99 | 1 | 0.0000 % | 2,958.2 |
Perpetual-Discount | 5.74 % | 5.83 % | 65,044 | 14.12 | 35 | 0.5427 % | 3,236.2 |
FixedReset Disc | 4.58 % | 5.88 % | 141,243 | 14.09 | 59 | 1.7173 % | 2,534.6 |
Insurance Straight | 5.69 % | 5.79 % | 105,113 | 14.20 | 20 | 0.5184 % | 3,151.6 |
FloatingReset | 4.84 % | 5.13 % | 68,933 | 15.25 | 2 | -2.3497 % | 2,597.3 |
FixedReset Prem | 5.04 % | 4.74 % | 143,460 | 2.11 | 9 | -0.0176 % | 2,615.7 |
FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.7173 % | 2,590.8 |
FixedReset Ins Non | 4.58 % | 6.15 % | 85,810 | 13.90 | 15 | 0.9174 % | 2,620.4 |
Performance Highlights | |||
Issue | Index | Change | Notes |
BAM.PR.Z | FixedReset Disc | -8.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 20.55 Evaluated at bid price : 20.55 Bid-YTW : 7.11 % |
SLF.PR.J | FloatingReset | -3.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 15.50 Evaluated at bid price : 15.50 Bid-YTW : 4.63 % |
GWO.PR.S | Insurance Straight | -2.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.66 Evaluated at bid price : 22.00 Bid-YTW : 6.03 % |
TRP.PR.F | FloatingReset | -1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 16.50 Evaluated at bid price : 16.50 Bid-YTW : 5.13 % |
IAF.PR.I | FixedReset Ins Non | -1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 22.10 Evaluated at bid price : 22.75 Bid-YTW : 6.15 % |
PWF.PR.Z | Perpetual-Discount | -1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.67 Evaluated at bid price : 22.00 Bid-YTW : 5.88 % |
CU.PR.J | Perpetual-Discount | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 20.43 Evaluated at bid price : 20.43 Bid-YTW : 5.93 % |
BNS.PR.I | FixedReset Disc | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 22.70 Evaluated at bid price : 23.07 Bid-YTW : 5.69 % |
GWO.PR.L | Insurance Straight | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 24.00 Evaluated at bid price : 24.25 Bid-YTW : 5.89 % |
IFC.PR.F | Insurance Straight | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 23.25 Evaluated at bid price : 23.70 Bid-YTW : 5.64 % |
TRP.PR.B | FixedReset Disc | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 13.19 Evaluated at bid price : 13.19 Bid-YTW : 6.94 % |
FTS.PR.K | FixedReset Disc | 1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 18.60 Evaluated at bid price : 18.60 Bid-YTW : 6.55 % |
BAM.PR.B | Floater | 1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 13.20 Evaluated at bid price : 13.20 Bid-YTW : 4.28 % |
MFC.PR.I | FixedReset Ins Non | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 23.09 Evaluated at bid price : 23.94 Bid-YTW : 5.98 % |
MFC.PR.M | FixedReset Ins Non | 1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 20.34 Evaluated at bid price : 20.34 Bid-YTW : 6.20 % |
SLF.PR.C | Insurance Straight | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 5.55 % |
NA.PR.W | FixedReset Disc | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 20.25 Evaluated at bid price : 20.25 Bid-YTW : 6.05 % |
SLF.PR.D | Insurance Straight | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 20.21 Evaluated at bid price : 20.21 Bid-YTW : 5.58 % |
GWO.PR.G | Insurance Straight | 1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 22.27 Evaluated at bid price : 22.54 Bid-YTW : 5.83 % |
PWF.PR.L | Perpetual-Discount | 1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.75 Evaluated at bid price : 22.00 Bid-YTW : 5.83 % |
MFC.PR.Q | FixedReset Ins Non | 1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.81 Evaluated at bid price : 22.30 Bid-YTW : 6.06 % |
BAM.PF.J | FixedReset Disc | 1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 23.90 Evaluated at bid price : 24.50 Bid-YTW : 6.07 % |
TD.PF.D | FixedReset Disc | 1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.84 Evaluated at bid price : 22.15 Bid-YTW : 5.81 % |
BAM.PF.F | FixedReset Disc | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 20.75 Evaluated at bid price : 20.75 Bid-YTW : 6.64 % |
BAM.PR.N | Perpetual-Discount | 1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 20.50 Evaluated at bid price : 20.50 Bid-YTW : 5.87 % |
SLF.PR.E | Insurance Straight | 1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 20.40 Evaluated at bid price : 20.40 Bid-YTW : 5.59 % |
MFC.PR.N | FixedReset Ins Non | 1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 20.10 Evaluated at bid price : 20.10 Bid-YTW : 6.16 % |
BMO.PR.Y | FixedReset Disc | 1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 5.90 % |
TD.PF.B | FixedReset Disc | 1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 5.85 % |
BAM.PR.K | Floater | 1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 13.30 Evaluated at bid price : 13.30 Bid-YTW : 4.25 % |
BAM.PR.C | Floater | 1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 13.29 Evaluated at bid price : 13.29 Bid-YTW : 4.25 % |
BMO.PR.W | FixedReset Disc | 1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 5.82 % |
BAM.PF.I | FixedReset Disc | 1.71 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-03-31 Maturity Price : 25.00 Evaluated at bid price : 25.53 Bid-YTW : 5.04 % |
BMO.PR.S | FixedReset Disc | 1.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 5.87 % |
NA.PR.E | FixedReset Disc | 1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 22.70 Evaluated at bid price : 23.23 Bid-YTW : 5.78 % |
PVS.PR.K | SplitShare | 1.89 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2029-05-31 Maturity Price : 25.00 Evaluated at bid price : 24.25 Bid-YTW : 5.06 % |
PWF.PR.S | Perpetual-Discount | 1.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.05 Evaluated at bid price : 21.05 Bid-YTW : 5.74 % |
BAM.PF.A | FixedReset Disc | 2.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 22.62 Evaluated at bid price : 23.05 Bid-YTW : 6.23 % |
MFC.PR.L | FixedReset Ins Non | 2.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 19.95 Evaluated at bid price : 19.95 Bid-YTW : 6.16 % |
FTS.PR.G | FixedReset Disc | 2.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 19.75 Evaluated at bid price : 19.75 Bid-YTW : 6.35 % |
TRP.PR.C | FixedReset Disc | 2.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 14.15 Evaluated at bid price : 14.15 Bid-YTW : 6.77 % |
BAM.PF.D | Perpetual-Discount | 2.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.30 Evaluated at bid price : 21.30 Bid-YTW : 5.83 % |
MFC.PR.K | FixedReset Ins Non | 2.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.30 Evaluated at bid price : 21.30 Bid-YTW : 5.97 % |
TD.PF.J | FixedReset Disc | 2.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 23.47 Evaluated at bid price : 24.01 Bid-YTW : 5.74 % |
CM.PR.S | FixedReset Disc | 2.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 22.86 Evaluated at bid price : 23.50 Bid-YTW : 5.59 % |
TD.PF.E | FixedReset Disc | 2.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.72 Evaluated at bid price : 22.00 Bid-YTW : 5.89 % |
PWF.PF.A | Perpetual-Discount | 2.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 20.10 Evaluated at bid price : 20.10 Bid-YTW : 5.64 % |
CM.PR.P | FixedReset Disc | 2.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 5.85 % |
BAM.PF.E | FixedReset Disc | 2.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 19.25 Evaluated at bid price : 19.25 Bid-YTW : 6.64 % |
TD.PF.K | FixedReset Disc | 2.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 22.97 Evaluated at bid price : 23.40 Bid-YTW : 5.75 % |
CCS.PR.C | Insurance Straight | 2.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 22.55 Evaluated at bid price : 22.80 Bid-YTW : 5.54 % |
TRP.PR.A | FixedReset Disc | 2.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 17.35 Evaluated at bid price : 17.35 Bid-YTW : 6.63 % |
NA.PR.G | FixedReset Disc | 2.58 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 23.49 Evaluated at bid price : 23.90 Bid-YTW : 5.81 % |
PWF.PR.T | FixedReset Disc | 2.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 20.90 Evaluated at bid price : 20.90 Bid-YTW : 6.14 % |
BMO.PR.E | FixedReset Disc | 2.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 23.50 Evaluated at bid price : 23.90 Bid-YTW : 5.71 % |
BAM.PR.R | FixedReset Disc | 2.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 17.85 Evaluated at bid price : 17.85 Bid-YTW : 6.58 % |
TRP.PR.E | FixedReset Disc | 2.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 19.15 Evaluated at bid price : 19.15 Bid-YTW : 6.54 % |
BAM.PF.C | Perpetual-Discount | 3.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 5.82 % |
FTS.PR.H | FixedReset Disc | 3.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 14.75 Evaluated at bid price : 14.75 Bid-YTW : 6.55 % |
IFC.PR.G | FixedReset Ins Non | 4.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 22.43 Evaluated at bid price : 22.90 Bid-YTW : 5.90 % |
BMO.PR.T | FixedReset Disc | 4.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 20.87 Evaluated at bid price : 20.87 Bid-YTW : 5.87 % |
CM.PR.Q | FixedReset Disc | 4.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.73 Evaluated at bid price : 22.00 Bid-YTW : 5.84 % |
TRP.PR.G | FixedReset Disc | 69.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 20.80 Evaluated at bid price : 20.80 Bid-YTW : 6.30 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
BMO.PR.S | FixedReset Disc | 59,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 5.87 % |
MFC.PR.Q | FixedReset Ins Non | 57,840 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.81 Evaluated at bid price : 22.30 Bid-YTW : 6.06 % |
BAM.PR.X | FixedReset Disc | 47,462 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 17.75 Evaluated at bid price : 17.75 Bid-YTW : 6.63 % |
CM.PR.R | FixedReset Disc | 30,602 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-07-31 Maturity Price : 25.00 Evaluated at bid price : 24.99 Bid-YTW : 4.86 % |
TD.PF.D | FixedReset Disc | 27,908 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 21.84 Evaluated at bid price : 22.15 Bid-YTW : 5.81 % |
TD.PF.J | FixedReset Disc | 26,900 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-05-03 Maturity Price : 23.47 Evaluated at bid price : 24.01 Bid-YTW : 5.74 % |
There were 20 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
BAM.PR.Z | FixedReset Disc | Quote: 20.55 – 23.65 Spot Rate : 3.1000 Average : 1.9058 YTW SCENARIO |
IFC.PR.C | FixedReset Disc | Quote: 20.46 – 22.25 Spot Rate : 1.7900 Average : 1.0792 YTW SCENARIO |
MFC.PR.L | FixedReset Ins Non | Quote: 19.95 – 23.50 Spot Rate : 3.5500 Average : 2.9820 YTW SCENARIO |
IFC.PR.A | FixedReset Ins Non | Quote: 18.50 – 19.85 Spot Rate : 1.3500 Average : 0.8736 YTW SCENARIO |
IAF.PR.I | FixedReset Ins Non | Quote: 22.75 – 24.24 Spot Rate : 1.4900 Average : 1.0753 YTW SCENARIO |
POW.PR.A | Perpetual-Discount | Quote: 24.20 – 25.30 Spot Rate : 1.1000 Average : 0.7688 YTW SCENARIO |
ENB.PR.B To Reset To 5.202%; Convertible to ENB.PR.C
May 2nd, 2022Enbridge Inc. has announced:
ENB.PR.B was issued as a FixedReset, 4.00%+240, that commenced trading 2011-9-30 after being announced 2011-9-21. It reset to 3.415% in 2017; I recommended against conversion; but there was an 8% conversion to the FloatingReset, ENB.PR.C, anyway.
ENB.PR.C is a FloatingReset, 3-Month Bills+240, that arose via partial conversion from ENB.PR.B in 2017.
Posted in Issue Comments | 8 Comments »